Reusable Artwork Expenses Under Six Months Are Revenue, Not Capital, for Tax Purposes.

Reusable Artwork Expenses Under Six Months Are Revenue, Not Capital, for Tax Purposes. https://www.taxtmi.com/highlights?id=23033 Reusable artwork expenses - revenue v/s capital expenditure - Considering the average life span of such artwork, which is only less than six months, it cannot be inferred that any capital apparatus has come into existence - AT en-us Thu, 21 May 2015 16:18:11 +0530 Thu, 21 May 2015 16:18:11 +0530 TaxTMI RSS Generator Reusable Artwork Expenses Under Six Months Are Revenue, Not Capital, for Tax Purposes. https://www.taxtmi.com/highlights?id=23033 Reusable artwork expenses - revenue v/s capital expenditure - Considering the average life span of such artwork, which is only less than six months, it cannot be inferred that any capital apparatus has come into existence - AT Highlights Income Tax Thu, 21 May 2015 16:18:11 +0530 https://www.taxtmi.com/highlights?id=23033